House Prices

Cash for some Access clients

Relief is in sight for some clients of collapsed internet broker Access Brokerage.

Monday, September 13th 2004

Liquidator Michael Stiassny said last night that he expected $13 million held in UDC Finance accounts to be available today.

That left $34 million frozen in BNZ accounts.

Stiassny said: "BNZ accounts have a different structure and we are continuing to work on that issue."

The total of $47 million is $4 million more than previous indications.

UDC accounts were used to hold Australian dollars for Access clients.

Access - which is controlled by former Olympic Committee chief Bill Garlick - yesterday appointed Stiassny and Brendon Gibson as liquidators, expanding their previous powers as interim liquidators.

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Unity First Home Buyer special 3.99
SBS FirstHome Combo 3.99
ICBC 4.25
TSB Special 4.39
Co-operative Bank - First Home Special 4.39
SBS Bank Special 4.49
Unity Special 4.49
ANZ Special 4.49
Westpac Special 4.49
Kiwibank Special 4.49
Co-operative Bank - Owner Occ 4.49
Kainga Ora 4.49
ICBC 4.59
ANZ Special 4.69
Unity Special 4.69
BNZ - Std 4.69
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Nelson Building Society 4.87
Westpac Special 4.89
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SBS Bank Special 4.89
ICBC 4.99
Kainga Ora 5.15
Westpac Special 5.29
ASB Bank 5.69
TSB Special 5.69
BNZ - Std 5.69
SBS Bank Special 5.69
Co-operative Bank - Owner Occ 5.69
AIA - Go Home Loans 5.69
Kiwibank Special 5.79
Westpac 5.89
SBS FirstHome Combo 3.29
AIA - Back My Build 3.34
SBS Construction lending for FHB 3.74
CFML 321 Loans 3.95
Co-operative Bank - Owner Occ 4.99
Co-operative Bank - Standard 4.99
Heartland Bank - Online 5.30
ICBC 5.39
Kiwibank - Offset 5.65
Kainga Ora 5.69
Kiwibank 5.75

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